Summary A moderation in economic activity since the FOMC last met in January is unlikely to shift the Committee out of wait-and-see mode at its upcoming meeting on March 19. We look for the Committee to maintain its target for the fed funds rate at its current range of 4.25%-4.50%. Concerns over the growth outlook […]
Markets European markets unlike their US counterpart had a pessimistic view on the Fed’s policy decision. While the latter took comfort from chair Powell’s reassuring message during the presser, the former seem to eye the stagflationary risks in the updated forecasts. Stocks, core bond yields and the euro dropped. Sentiment then took a turn for […]
The post EUR/USD Correcting Lower for a Third Day appeared first on Action Forex.
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